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Featured local agent — Red Wing, MN
Sarah Mitchell
Compass Real Estate · Red Wing, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Red Wing, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$266,000median sale price
How is the Red Wing, MN housing market right now?
The median home sale price in Red Wing, MN is $266,000, down 4.0% year-over-year. Homes sell in an average of 88 days with 55 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Red Wing a buyer's or seller's market?
Red Wing, MN is currently a balanced market, based on 2.0 months of supply and homes selling in about 88 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
88
Average pace
Active listings
55
2.0 months supply
Sale-to-list
99.1%
Below asking
What does the Red Wing housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $266,000 |
| Median list price | $290,000 |
| Year-over-year price change | -4.0% |
| Average days on market | 88 days |
| Active inventory | 55 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $133/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 33 |
| Listings with a price cut | 45.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Red Wing by property type?
How the Red Wing, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $266,500 | $135/sq ft | 18 | 23 days |
| Condo / Co-op | $192,000 | $341/sq ft | 1 | 433 days |
| Townhouse | $290,000 | $155/sq ft | 6 | 179 days |
Source: Redfin · Updated monthly
The Red Wing housing market is currently classified as a balanced market with a median sale price of $266,000. Prices have fallen 4.0% compared to last year, with homes spending an average of 88 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Red Wing
There are currently 55 homes listed for sale in Red Wing, Minnesota. The median listing price is $290K.
Active listings
55
Homes on market
Median list price
$290K
Avg. days on market
88
Days until sale
New this week
33
Newly listed
Who lives in Red Wing?
Population
16,660
Median income
$65,259/yr
Median age
42.2 years
Owner-occupied
70.8%
College grads
26.2%
Avg commute
19.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Red Wing?
Zillow home value
$293,135
Zillow rent index
$1,338/mo
Price-to-rent ratio
18.3x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Red Wing?
Red Wing is a community of approximately 17K residents with a median age of 42.2 years.The median household income is $65,259, which represents a working-class community with solid middle-income opportunities. 26.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Red Wing offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Red Wing?
15 schools tracked · 2,735 students
The largest public schools serving Red Wing, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Red Wing Senior High
Grades 8-12 · 820 students
Burnside Elementary
Grades 2-4 · 501 students
Twin Bluff School
Grades 5-7 · 500 students
SUNNYSIDE ELEMENTARY
Grades K-1 · 342 students
5RiversOnline Secondary
Grades 7-12 · 182 students
Creekstone Montessori
Grades K-7 · 88 students
COLVILL FAMILY EDUCATION CENTER
Grades PK · 68 students
Tower View Alternative High School
Grades 10-12 · 58 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Red Wing, MN?
Want a head-to-head view? Compare Red Wing side-by-side with any other U.S. city using our market-comparison tool.
Is Red Wing a good real estate investment market?
For investors evaluating Red Wing, the price-to-rent ratio of 18.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Red Wing's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Red Wing's median home price.
Frequently asked questions
What is the average home price in Red Wing?
The median home sale price in Red Wing is $266,000, down 4.0% from last year.
How long do homes stay on market in Red Wing?
Homes typically spend 88 days on market before going under contract.
What is the median income in Red Wing?
The median household income is $65,259 per year.
Is Red Wing a buyer's or seller's market?
With 2.0 months of supply, Red Wing is currently a balanced market.
What is the Zillow home value estimate for Red Wing?
The Zillow Home Value Index (ZHVI) for Red Wing is $293,135, representing the typical home value in the area.
What is the median condo price in Red Wing?
The median condo/co-op sale price in Red Wing, MN is $192,000, compared to $266,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Red Wing?
The median single-family home price in Red Wing, MN is $266,500 (about $135 per square foot).
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